Open Arms Lutheran Child Development Center

Analysis

Open Arms Lutheran Child Development Center is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Arms Lutheran Child Development Center reported income of $2.0m and spending of $1.6m, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $2.0m (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Arms Lutheran Child Development Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Center for Computational Science Research Inc ($2.0m), Vegas Stronger ($2.0m) and Reformed University Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $54k (3.4% of expenses). Other salaries and wages came to $903k. At year end it held assets of $952k against liabilities of $160k, net assets of $792k. It reported 55 employees.